Is it worth investing in coins you believe in?

[usaha jaya]

I think it's legal and quite reasonable because these coins can have a chance to be profitable in the long term like Bitcoin and Ethereum, but it would be nice to invest with cold money because you don't want the capital you invest in these coins to make you hope in the long run. close will double, that's also not necessarily. Just leave your money there and continue to monitor market developments until the price goes up.

[Benefactor]

I propose that you need to investigate more on it, what was the best coin to contribute and have to consider the improvement of the task. The lone thing on this is a wide information and comprehension on various technique to apply your essential arrangement. Stocks are known to be productive through the drawn out run while crypto has a similar methodology the thing of is you can mess about by exchanging which associated with time and tolerance to get you're acceptable income.

[Lantind]

I think it's legal and quite reasonable because these coins can have a chance to be profitable in the long term like Bitcoin and Ethereum, but it would be nice to invest with cold money because you don't want the capital you invest in these coins to make you hope in the long run. close will double, that's also not necessarily. Just leave your money there and continue to monitor market developments until the price goes up.

Actually it is not cold money but rather money that is not used in daily life, meaning that everyone who invests must always use the extra money that he does not use for his daily needs, so that he is more relaxed in carrying out his investments and improving his work.

[distr@yopmail.com]

I think it's legal and quite reasonable because these coins can have a chance to be profitable in the long term like Bitcoin and Ethereum, but it would be nice to invest with cold money because you don't want the capital you invest in these coins to make you hope in the long run. close will double, that's also not necessarily. Just leave your money there and continue to monitor market developments until the price goes up.

Actually it is not cold money but rather money that is not used in daily life, meaning that everyone who invests must always use the extra money that he does not use for his daily needs, so that he is more relaxed in carrying out his investments and improving his work.

that's true. but it would be a different case if they were people who actually worked in the crypto market by investing and trading. put their money in the market for daily and long term profit. I think a lot of people have done this.
in day trading, I always withdraw my profit money and leave the capital. For example, I put $100 in daily trading and made a $20 profit. then I will withdraw $20 and leave $100 for the next trade.
The $20 profit can be accumulated on top market assets for the long term. so indirectly we do two jobs simultaneously.

[DOH!]

If the situation is a worthwhile option then you already trust a platform you are interested in and love only if you determine you give up or accept the risk that failure could result in reverse losses, glory here.  Yes, Similar to when you like a certain coin, it does not mean it is profitable.  The movement and price behavior of the crypto market is completely different from that of stocks.

[cryp24x]

Of course yes, once you believed in the coins you invested that means in the future you knew to yourself that it will give
you a nice profit or savings. Just make sure that the coins you choose to hold in the long term or short term has a real
potential to increase in the future, or you did a research in it before deciding to buy em.

[gurunanakji777]

We all have different interests and diff-diff expertise in the market. Some people don't take much risk so they trade short-term because most people are afraid of the highly volatile nature of the crypto market so the risk is quite higher but ROI expectation is comparatively higher than most of the markets. If we trade short term we get a chance to buy back many times but sometimes the market does not give chance and we repent later by selling at less value. Ultimately it depends on what suits you better or in the end depends on what you are more skilled at. Even I just check the ORA coin and I find it it's not performing well so far even daily trading volume is very less so we do not expect much from low liquidity coins. I would say believe only when you are good at analyzing the project but do not invest with emotions.

[Golftech]

Of course yes, once you believed in the coins you invested that means in the future you knew to yourself that it will give
you a nice profit or savings. Just make sure that the coins you choose to hold in the long term or short term has a real
potential to increase in the future, or you did a research in it before deciding to buy em.

Logically before believing with certain project you already deal with doing your research and you have a good views
with the project's potential success, either using it for your long or short term investment.

The end outcome still remain the same, you are investing becuase you believe that the project will bring you decent success.

It's more on your personal goals, the instinct inside you will lead you to work with the team for your best interest.

[newwest]

Research and analysis is the key before investing in any such projects. If you are good at it mostly you will end up identifying good projects at early stage of it and it will yield good returns. But one has to be confident that what they are investing will change the due course in coming time and then only it would be worth investing in such projects.

[Ureung jameun]

Coming from stocks, I deem crypto investing quite different, and I am still to get my complete understanding behind it. When talking about stocks, there are a lot of people and investors that tend to spend their money on businesses or shares they firmly believe in.
Talking about cryptos, I see a lot of people cashing out on short term for quick money, but the question is, is it worth playing it like that or better to consider the project behind the coin long-term? Regarding stocks for instance, Nvidia is a share I really do believe in and the sentiment itself is what keeps me holding the stock no matter the market. There was a huge dip in May, similar to what the crypto market is facing now, and although difficult to hold, I strongly believed in the long-term.

Regarding coins, I struggle to understand the approach people have. I am, by no means, expecting people to run down details on what they do, as we are not here to give financial advice, but a small explanation on how you address your investments: both short-term and long-term. Similarly to the stock mentioned above, I do have the same kind of interest for coin Oracle ($ORA), it’s quite new so I don’t expect many to know it. I really believe in the platform they want to create (just for context it’s a NFT market for ideas, so you just buy others’ ideas) and I would like to see their project created and support them long term, but how popular is the cashing out in cryptocurrencies? Everyone seems to be spamming to the moon to the moon, but most people seem to be selling.

if you believe in something then surely you have studied it and searched for various information about it before you believe it. but don't believe in something without you studying it and looking for information about it. because they can all cost you something you don't want. so I think in crypto and stocks the point is trading because they are both ways to make profit.You can make short or long term trades, it's all according to your own beliefs based on the information you have previously obtained.

[ReiMomo]

Of course yes, once you believed in the coins you invested that means in the future you knew to yourself that it will give
you a nice profit or savings. Just make sure that the coins you choose to hold in the long term or short term has a real
potential to increase in the future, or you did a research in it before deciding to buy em.

The best coins are always in a good trend and at a good rating so the volume is also very good, so there is no need to do too much research on coins that are already popular or well known, because they are all definitely good to keep in the long run, except for new coins whose potential is still a question mark.

As you said, its not required to analyze on best or top coins. However, I would suggest those who get into trading newly, yes have practice of analyzing   coins. In the beginning, I too had a question which coins are best to invest. I had little amount to invest, so i searched for a coin which is less in price but have good potential project behind it. Later yes I found few best new coins like Matic in 2019 beside Bitcoin, ETH, BNB, XRP and etc . So Its is advisable for newbies to have practice of analyzing and keep updating themselves.

[kak uli]

I think it looks like stocks and crypto are the same, both are worth investing in, but in this case there is something more important than investing, namely that someone must know the right and right way to do it. for example, if you invest in digital currency then you should invest in crypto that we believe can give us more profits, both follow the method, for example the short-term or long-term method.

[letyouearn]

I think you should invest only in coins that you believe in, without trying to gamble with those fast farming projects and different kind of DeFi coins. All the worthy projects will rise again - even after huge fall.

[Zamoh]

I think it looks like stocks and crypto are the same, both are worth investing in, but in this case there is something more important than investing, namely that someone must know the right and right way to do it. for example, if you invest in digital currency then you should invest in crypto that we believe can give us more profits, both follow the method, for example the short-term or long-term method.

Stock markets are good if the inhabitants of the country have access to the purchase of some company shares. Unfortunately, residents of a large number of countries do not have access to purchase company shares. Therefore, in terms of accessibility, cryptocurrency wins significantly, due to its anonymity and the large society, it can be bought even where it is prohibited.  

Since cryptocurrencies have a lot of volatility, it was possible to buy in a long time.

[avarnet]

Actually cashing in the short term is very easy, it's very fast we see results rather than we take the long term,
because someone's patience in seeking profit is not the same, so many people take shortcuts to invest, in order to be able to feel different investments, so that it doesn't take long to find profits in investing,
So if there is a question whether we use short-term or long-term investments, yes, of course the answer depends on each of us's beliefs, personally, I choose short-term only.

[Lantind]

I think it looks like stocks and crypto are the same, both are worth investing in, but in this case there is something more important than investing, namely that someone must know the right and right way to do it. for example, if you invest in digital currency then you should invest in crypto that we believe can give us more profits, both follow the method, for example the short-term or long-term method.

In general, the way it works is almost the same, but in terms of strategy and understanding, I think they are both different and also have unique things so that between stocks and cryptocurrencies has its own charm when everyone starts to live it slowly.

[DanWalker]

Yes, it is worth investing in coins that you are believing as long as there is a good reason why you believe that coin, it should be our own decision and plan to decide what will be the coin to invest. Maybe you have done good research for that coin and you see a good potential of it in the future that's why you now keep believing it. That is way better compared on believing in coins just because someone told you.

Not all coin is profitable, potentiality doesn't depend on your belief. If you are emotional trader then you can believe anything that doesn't keep meaning. before investing in a coin you must have to research first, try to find out that coin's real life utility, previous price history, team member's/dev's experience behind the project. don't fall into hype & emotion.

[bitzizzix]

Yes, it is worth investing in coins that you are believing as long as there is a good reason why you believe that coin, it should be our own decision and plan to decide what will be the coin to invest. Maybe you have done good research for that coin and you see a good potential of it in the future that's why you now keep believing it. That is way better compared on believing in coins just because someone told you.

Since we are talking about investing, I think following your own beliefs should be based on accurate analysis and research, and apart from that finding reliable news sources related to your chosen coin can also help your beliefs in consideration.
I personally initially invest in altcoins what I do is pay attention to market movements and if there is a potentially good coin then I look for the latest and most reliable information about the coin, and if there is a good signal after I really check and analyze as much detail as possible, and after that make sure to choose it and in a few months the results are good and patience is the most important thing to wait for the right time to sell it.
and I suggest that apart from choosing bitcoin, you should also choose the top, oldest, trusted and profitable altcoins in the long run.

[raji1995naya]

You already have trust in and passion for a platform if the scenario is worthwhile. Glory here only if you choose to give up or face the risk of failure and reverse losses. Yes, just because you favor one currency over another doesn't mean it's lucrative. The movement and price behavior of the crypto market are way different from those of stocks.

[finaleshot2016]

If you want to make money from a short-term or long-term investment, believing isn't enough, in my opinion. You must conduct extensive study about the type of coin in which you will invest because it is your money and you are banking on the project's success. Of course, before investing, you should determine whether or not this project is close to or has a good probability of succeeding, in which case you will profit.

But take note, not all coins are profitable even you've done research on it.